India Lost 160 Billion! China Refuses To Buy 20 Million Tons of Iron Ore, Why? #china #india

#china #chinanews #project #india Thank you for watching, I need to point out the mistakes in the content and data The specific amount of loss is: From 2021 to 2022, China will reduce imports from India by 22 million tons, and India will lose about 160 billion rupees. (Sorry for serious mistakes in the content, please forgive me) When iron ore is mentioned, most people immediately think of countries such as Australia or Brazil, as they have been the main suppliers of iron ore. However, India’s status as an iron ore supplier to China is rarely mentioned, a fact that is overlooked by many. According to the latest statistics, India has iron ore reserves as high as 5.5 billion tons, making it fifth in the world and one of the world’s important iron ore exporters. As one of the world’s largest industrial countries, China needs a large amount of iron ore every year to meet domestic demand. In 2021, China imported about 33 million tons of iron ore from India with a total value of Rs 18 trillion. However, now China has suddenly decided to stop importing iron ore from India, resulting in a direct loss of US$160 billion for India. So, what happened between China and India? Why is China no longer willing to cooperate with India? ---------------------------------------------------------------------